Case details for Davide Matteo AIELLO

Name: Davide Matteo AIELLO

Name: BUONISSIMO LIMITED

Date of Birth: 9 / 1 / 1968

Date Order Starts: 11 / 4 / 2019

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 04548757

Last Known Address: 54 Kelmscott Road,, , , , HARBORNE, B17 8QN

Conduct: Davide Matteo Aiello (“Mr Aiello”) breached his fiduciary duties as a director of Buonissimo Limited (“Buomissimo”) in that:

  • He caused the suppression of cash sales with the result that not all company monies received were recorded in the company accounts.
  • Furthermore he caused the payment of some of the company’s casual workers to be made by cash, payment of which was not recorded in the company accounts.
  • HMRC subsequently carried out an investigation of the company’s tax affairs and determined: a) For the periods 11/12 to 08/16 a further £60,240 was assessed as due in respect of Value Added Tax (“VAT”), together with penalties of £21,076. Buonissimo made payment of £21,084 against this liability. Subsequently interest of £4,001 was incurred. At Liquidation £64,233 remains due in respect of the assessed VAT; b) For the years ending 30 November 2003 to 30 November 2015 a further £507,962 was assessed as due in respect of Corporation Tax, together with penalties of £132,427. These sums were determined post-liquidation and consequently £640,389 remains due in respect of the assessed Corporation Tax; c) For the tax years 2002/2003 to 2015/2016 a further £74,988 was assessed as due in respect of Pay As You Earn Tax (“PAYE”) and National Insurance Contributions (“NIC”), together with penalties of £19,976. These sums were determined post-liquidation and consequently £94,964 remains due in respect of the assessed PAYE & NIC liabilities; d) A total of £799,586 remains due in respect of the assessed VAT, Corporation Tax and PAYE & NIC. 

    This information is correct as at 21 / 3 / 2019



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